Which of the following are potential benefits of a 401(k) or 403(b) plan?
I. You can make yourself low-interest loans.
II. You can save for retirement.
III. Your contributions to the plan are tax-free.
IV. Your contributions to the plan are tax-deferred.
A) I, II, III and IV
B) I, II, and III only
C) I, II and IV only
D) I and II only
C
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Answer the following statements true (T) or false (F)
1. Text messages and documents transmitted over a computer network are called cyber-messages. 2. Project management software allows managers to plan and schedule the people, costs, and resources to complete a project on time. 3. A problem typically associated with interconnected databases on the Internet is the potential to overwhelm employees with too much information. 4. One advantage of e-business is that organizations and teams are no longer as bound by time zones and locations.
Which of the following could not possibly be a closing entry?
a. Debit Income Summary and credit Dividends. b. Debit Income Summary and credit Retained Earnings. c. Debit Retained Earnings and credit Dividends. d. Debit Retained Earnings and credit Income Summary.
A(n) ________ can be especially useful for companies that need to have secure communications with their dealers, distributors, and/or franchisees
A) intranet B) social networking site C) extranet D) virtual trade show E) buying center
The statement of changes in stockholders' equity:
A. Describes changes in paid-in capital and retained earnings subcategories. B. Is reported by very few companies. C. Shows only the ending balances in stockholders' equity. D. Is part of the statement of retained earnings. E. Does not include changes in treasury stock.